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Marlin Gold Mining Ltd. (TSXV:MLN) announced another month of strong operations from its wholly owned La Trinidad mine in Mexico, reporting the third consecutive monthly record of recovered ounces. These robust operating results further support our view that Marlin is likely to deliver strong Q4 2016 and Q1 2017 financial results (see previous post), having reached a turning point in its operations at La Trinidad together with free cash flow (FCF) generation. We believe that the company is likely to use the FCF generated to fund its development projects, including the San Albino stream in Nicaragua and exploration/development work at its Commonwealth project in Arizona. read more
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